Is income from solar panels taxable?

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StockBeard
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Is income from solar panels taxable?

Post by StockBeard »

As the title says. Wondering if I'll have to report the income from solar panels. I assume the answer is yes but wondering if people have some details, e.g. can I report the solar panel themselves as an expense somehow?
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adamu
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Re: Is income from solar panels taxable?

Post by adamu »

A quick Google says:

You can deduct the initial cost for up to 17 years.
Profits over 200k are taxable.

I didn't look into it to work out the fine details.
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